REGISTERED NUMBER: OC320661 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

GRACECHURCH WEALTH MANAGEMENT LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

D A Hine

J R E Bevan

REGISTERED OFFICE:

EFX House

1 Boycott Avenue

Oldbrook

Milton Keynes

Buckinghamshire

MK6 2RW

REGISTERED NUMBER:

OC320661 (England and Wales)

ACCOUNTANTS:

Magma Audit LLP (part of the Dains Group)

First Floor, Lakeside House

4 Smith Way

Grove Park

Leicester

Leicestershire

LE19 1SX

FIXED ASSETS

Tangible assets

4

22,010

12,054

Investments

5

300,000

300,000

322,010

312,054

CURRENT ASSETS

Debtors

6

79,560

121,769

Cash at bank

128,158

87,499

207,718

209,268

CREDITORS

Amounts falling due within one year

7

(209,606

)

(254,210

)

NET CURRENT LIABILITIES

(1,888

)

(44,942

)

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

320,122

267,112

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

315,122

262,112

MEMBERS' OTHER INTERESTS

Capital accounts

5,000

5,000

320,122

267,112

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

315,122

262,112

Members' other interests

5,000

5,000

320,122

267,112

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2026.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Profit and loss account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 27 October 2026 and were signed by:

J R E Bevan - Designated member

D A Hine - Designated member

1.	STATUTORY INFORMATION

Gracechurch Wealth Management LLP is a registered in England and Wales. The LLP's registered number is OC320661 and its registered office is Efx House 1 Boycott Avenue, Oldbrook, Milton Keynes, Bucks, MK6 2RW.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The presentation currency of the financial statements is Pound Sterling (£) and figures have been rounded to the nearest £1.

Turnover

Turnover represents amounts chargeable to clients for professional advice rendered throughout the financial year. Turnover includes expenses recoverable from clients. Turnover represents fee income earned and commission income.

Commission income is recognised when the right to consideration has been obtained through performance under each contract. Commission income in respect of contingent or additional fee arrangements is recognised on the occurrence of the contingent event. Where crystallisation of the contingent event is foreseen at the end of the financial year the carrying value of work in progress is the lower of cost and net realisable value.

Unbilled income is recognised in debtors as accrued income after provision for non - recoverable amounts.

Fees received on account of work to be completed are recorded within creditors falling due within one year.

Tangible fixed assets

Tangible fixed assets are stated at historical cost less accumulated depreciation.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

15% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

20% on cost

Investments in associates

Investments in associate undertakings are recognised at fair value at the balance sheet date. Movements in fair value are reflected in the profit and loss account.

Financial instruments

(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Operating leases

Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Members' participation rights

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.

Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the Profit and Loss Account in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the Balance Sheet.

Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the Profit and Loss Account and are equity appropriations in the Balance Sheet.

Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.

Income from shares in associates

Income from shares in associates shown in the profit and loss account represents dividends receivable from associate companies. Dividends receivable are recognised in the period in which the dividends are declared and approved.

Other operating income

Other operating income relates to income from insurance settlements which represent claims against the LLP's professional indemnity policy.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 22 (2025 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

23,252

9,816

25,858

97,177

156,103

Additions

-

-

-

16,827

16,827

At 31 March 2026

23,252

9,816

25,858

114,004

172,930

DEPRECIATION

At 1 April 2025

20,396

9,791

25,475

88,387

144,049

Charge for year

612

25

158

6,076

6,871

At 31 March 2026

21,008

9,816

25,633

94,463

150,920

NET BOOK VALUE

At 31 March 2026

2,244

-

225

19,541

22,010

At 31 March 2025

2,856

25

383

8,790

12,054

5.	FIXED ASSET INVESTMENTS

Interest

in

associate

undertaking

£

COST OR VALUATION

At 1 April 2025

and 31 March 2026

300,000

NET BOOK VALUE

At 31 March 2026

300,000

At 31 March 2025

300,000

Cost or valuation at 31 March 2026 is represented by:

Interest

in

associate

undertaking

£

Valuation in 2017

199,825

Valuation in 2025

100,000

Cost

175

300,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

22,699

29,113

Other debtors

56,861

92,656

79,560

121,769

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

40,466

27,546

Taxation and social security

27,445

21,332

Other creditors

141,695

205,332

209,606

254,210

Other creditors include pension contributions due of £8,052 (2025: £6,156).

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

£

Within one year

-

4,795

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

The balances shown within loans and other debts due to members' would rank pari passu with unsecured creditors.

10.	RELATED PARTY DISCLOSURES

During the year the LLP received dividends totalling £422,500 (2025: £326,250) from a related party, a company in which Gracechurch Wealth Management LLP has a shareholding in.

At the year end there was a balance due to this related party of £49,291 (2025: £125,814).

At the year end, a balance of £14,056 (2024: due from £34,096) was due to a company under common control.